Are you ready to Short Bitcoin Yet? {11/02/2024}Educational Analysis says BITCOIN BTCUSD may go short selling for some time according to my technical.
Broker - Bitstamp
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Because from past week bitcoin has just pumping up to collect Sell Stop hunt from retail traders.
I think it's high time for bitcoin to go short!.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
BTCUSDC
BTC BITCOIN Technical Analysis and Trade Idea#Bitcoin Technical Analysis
⚫ Key Market Observation: Bitcoin #BTC has reached a significant resistance level on the monthly timeframe. Historical price action demonstrates consistent rejection at this level.
⚫ Anticipated Market Behavior: Given BTC's overextended state and recent strong bullish momentum, a retracement is likely.
⚫ Optimal Entry Strategy: Target a potential buy entry near the 61.8% Fibonacci retracement level.
⚫ Trade Setup: Seek a daily timeframe price swing aligning with the 61.8% Fibonacci retracement. Place a stop-loss order below the previous swing low.
⚫ Risk Management: Maintain a minimum risk-reward ratio of 1:2.
Important Disclaimer: This analysis is intended for educational purposes and does not constitute financial advice.
Next Stop $2,000,000 - $3,000,000 Through The Fire And Flames.Bonus points to whoever figures out the chart, hell use it to your advantage.
Bitcoin will be the best performing asset class in 2024-2025 including Miners outperforming BTCUSD.
We got a gift of critics that Institutions were not interested, the Spot ETF would be cancelled. This has suppressed the price by about $50,000.
Bitcoins market cap is still not correctly calculated for the active supply / total supply like it is for Gold (that's me telling you the market is smaller than you think).
Halvening within months followed by Spot ETF inflows within weeks from this post.
I would call this a bull market? but this is something different. This is going to be an emergency allocation market, once marketing goes live on every news outlet, every fund recommends allocation to Bitcoin, less than 4,000,000 active traded coins in the last 7 years.
A bull market is something you tell your friends about, this market will be one you wish you did not say a word.
Right now the only possible way to stop this from happening an executive order by the President of the United States, followed by a NATO / EU coordinated ban attempt on Bitcoin.
BTC Drop loadingI wasn't expecting the price to rise so much, but doesn't matter. As we has seen lot of times, it's squeezing some shorts. And as always, the higher the squeeze, the deeper the drop. I don't think it will broke above previous high (but i can be wrong), but what is sure is that is going to drop soon. It's clearly a bull trap, and it can go up a bit more before dropping. 41k is my main target, and invalidation will be clean break above 49k. Most important, don't long now.
$BTC Daily UpdateCRYPTOCAP:BTC #BTC $44,860 resistance testing. Amazing break from $43,145 key resistance, RSI on 1D looking good, next resistance area to watch at $45,622-$45,876, $44,860 support crucial to hold as this will help reattempt at $47,232 key resistance. $44,174 current support yet to be tested
BTC Possible next movesFirst of all, this is not a long ideas. I am not entering long, actually i am 100% out from BTC. I am waiting to enter short at the red line, and i think we will see soon a pump till that zone. Bitcoin is ranging from some days and small investor are starting to loose their patience. I expect a strong upside moves, reaching 45k, then a quick and strong drop till $40.800.
BTC BITCOIN Technical Analysis and Trade IdeaRecently, Bitcoin has experienced a period of consolidation within a specific price range, punctuated by occasional spikes that have targeted liquidity. In the video, we analyze the daily time frame to gain insight into the broader context. We examine the market's trend, structure, and price action, exploring a potential trade opportunity. It's important to note that the information provided is for educational purposes only and should not be interpreted as financial advice.
BTC Weekly planPlan for this week on BTC. I will wait one of my two orders to get triggered: short limit at $45.000 or buy limit at $40.500. I think we will trigger the buy limit first, and in this scenario i think it will be just a scalp trade. If we trigger the short limit first, i will hold this trade for long term targeting $37.000
$140,000 Halvening Avg Price The Trend Line Has Been Held.
In the previous cycles 2013, 2017, 2020 we saw the same major consolidating trend trend line that continues on for longer than people expect (it gets boring).
The RSI (LTF) confirms this development enters a parabolic phase once the 70 RSI level is tested. (Not you should only trust these indicators on a very long time frame).
Diminishing returns is not relevant here as we can see the 2017 cycle virtually almost replicated the same movement.
So we draw all the cycles and it gives us a middle range of around $350,000. This next move will be the fasted and volatile one of this cycle the entire reason this works is people get (bored) during this phase then they don't have months to react you have weeks and days.
The environment where the FRED cannot raise interest rate. There is still 10s of trillions floating around the market from QE / BTFP. Institutions relentlessly keep allocating to the Bitcoin ETFs. We are weeks away from the public traded supply dropping under 1,000,000. (lowest in Bitcoins history"" Not counting the first start up years"
I hold my positions we see a minimum 8x before the year ends. Unless a global black swan event occurs, nothing will derail this.
Watching the reactions at $20,000 when I was promoting the fact we would be near $50,000 within months really gave me a reality check on how little people understand this asset.
Short on BTCI entered short on BTC, i like how it's retesting the main trendline, and i think this retest will lead the price to a consistent drop. Trendline also fit with H4 resistance. I placed stoploss just above the resistance zone, and placed my take profit at $41.000, big support zone on H4 timeframe
The Gann Fan, Interesting development when copied on BTC
The Gann theory is based on ancient mathematics, astrology, and natural geometry principles. You can use the strategies based on this theory to predict market movements that are up to 90% accurate.
Of course when you talk about astrology the questions rise about logic. But ancient mathematical patterns that form following basic principles its worth noting.
Also I copied the current trend pattern onto the last cycles (Nothing is changed)
Yet in the priors we see a blue loading phase, purple adjustment phase, red last accumulation phase, Parabolic run.
Trade in break trendline📊Analysis by AhmadArz:
this chart in bear trend for mid-term but getting open short-term long.
🔍Entry: 40566
🛑Stop Loss: 39472
🎯Take Profit: 41436 - 42886
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
BTC Bitcoin Jan 25th Update, do or die for the bullsSharing this update from Jan 23rd with the community here
"Crypto is leading again. I was creaming about not going crazy about crypto; you can see why now.
Still think that it will hold into mid-Feb; watching for the weekly support to close above 39.9k to confirm.
The next support target is at ±36k (38.5k was hit), followed by ±34.3k
The main target is at 32-29k
It still has a chance of a takedown move here and a move to 46k into mid-February, but so far, the price is quite bearish, also way below mid-Bollinger and trending lower.
I will be swing long if 32-29k is tested"
One more to note is that the price has broken below is rising channel and a re-test of ~41.3k will be important for the next price action.
Im more leaning into the ABC down into Apr/May low with A wave being in progress now!
BTC - 25/01/24 - Could we test low than 38500?CRYPTOCAP:BTC #BTC
Bitcoin has left EQ Highs and EQ Lows which ever one gets hit first at the minute it's the high they are aiming for unless the orderflow changes the lows will be next!
We need to defend the low we made if it's broken then BTC could come down to around 37438 area to clear out these FVGs!
There is tons of liquidity around $42,000 now so I do expect it to be taken out at some point as well!
BTC STF plans BTC / USDT
IN ST frames we can see a falling wedge pattern and 2 main levels 40k - 42k
BTC is testing these levels as resistance now
Either we see a rejection here and further drop
Or re-claim of the broken suppprts (stability above 42k ) for pump higher
If you want a new safe entry wait for the reaction here first … reclaim the broken supports or finding new ones lower
BITCOIN BEAR to test $30,000. Prepare your ...ahem....self.Bitcoin has been in a sloppy rising channel for over a year.
It tried 4 times to break out of the channel recently and is now back testing the bottom of the channel.
If it closes below the channel on the daily, look for Bitcoin to fall to the support zone which is around $30,000. It's also the midline of a long term VWAP.
Selling volume is much stronger than buyers and MACD is taking a dive.
COINBASE:BTCUSD BINANCE:BTCUSDT